Rex Tillerson is out as secretary of state after a series of disagreements with President Donald Trump, ending a rocky tenure as the chief U.S. diplomat.

Trump said he's nominating CIA director Mike Pompeo to run the State Department, hailing his experience in the military and Congress. œI urge his swift confirmation, Trump said in a statement.

Speaking to reporters at the White House, Trump said he got along well with Tillerson, but œwe disagreed on things, like the Iran nuclear deal.

Donald J. Trump

@realDonaldTrump

Mike Pompeo, Director of the CIA, will become our new Secretary of State. He will do a fantastic job! Thank you to Rex Tillerson for his service! Gina Haspel will become the new Director of the CIA, and the first woman so chosen. Congratulations to all!

Australia™s central bank highlighted a better global backdrop and faster growth at home, while reiterating inflation™s advance and unemployment™s decline would be only gradual, in minutes of this month™s policy meeting.
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Asian shares fell on Tuesday as investors dumped high-flying U.S. technology shares on fears of stiffer regulation as Facebook came under fire following reports it allowed improper access to user data.
The retreat came as investors braced for new...